Iumi has mixed expectations for maritime insurance 
Sean Dalton, chairman of Iumi's (International Union of Marine Insurance) cargo committee, recently reported a 2.5% increase in 2018 global premiums to USD 16.6 billion. However, the rise was largely attributable to growth in global trade and exchange rate fluctuations.... more
IRU demands to safeguard the role of road transport
The International Road Transport Union (IRU) has launched a new manifesto and is calling on international organisations, governments and industry stakeholders to safeguard the role of road transport in driving economic prosperity. The IRU manifesto lays out clear... more
ACI calls for an end to trade disputes
According to the latest World Airport Traffic Report published by Airports Council International (ACI) World, the world’s airports accommodated 122.7 million t of cargo last year. Global year-over-year volume fell by -1.7% in December 2018 against the previous year, bringing... more
U-Freight certified to screen air cargo in Hong Kong
The U-Freight Group (UFL) has become one of the first freight forwarders to have one of its logistics hubs in Hong Kong certified by the Hong Kong civil aviation department (CAD) as a regulated air cargo screening facility (RACSF). Over two years ago, the U-Freight Group... more
LOT chooses Delhi for return to India
25 years after LOT Polish Airlines stopped its scheduled services to India - Mumbai was a destination until 1982, the airline flew to Delhi (via Tashkent) from 1985 to 1992 - the member of Star Alliance launched a five times weekly service between Warsaw and the Indian capital... more
Another round of mega carriers
The Taiwan-based carrier Evergreen Marine has changed its strategy. Instead of a broad chartering plan, the shipping line now ordered 23,000-teu ships from three separate shipyards at a cost of between USD 1.4 billion and USD 1.6 billion. Thus, the plan to charter up to 11... more
New Zealand's Napier port enhances equipment
Napier port, the third largest port on New Zealand’s North Island, is currently developing a sixth wharf which, at 350 m long, will be capable of handling the larger vessels that are expected to access the port in the near future. Already hosting a range of vessels,... more
Korean Air adjusts Asian Pacific frequencies
Korean Air is adjusting the frequency of some routes, in response to decreasing demand for services to Japan due to tensions between Korea and Japan. Starting today, 16 September 2019, South Korea's national carrier is suspending the Busan-Osaka route (14 flights a week), as... more
Kazakhstan unlocks TIR’s potential to combat illicit trade
The Kazakh government has taken the decisive step of prioritising TIR transports at the Kazakh borders, with TIR electronic pre-declaration green lanes scheduled to open at the Nur Zholy border crossing point with China. This latest move by the Kazakhstan authorities is... more
Baltic Exchange introduces cost tracking tool
The Baltic Exchange, which is located in London (UK) and which belongs to the Singapore Exchange, has launched a new assessment tool to track the cost of operating vessels. Initially covering a range of dry bulk vessels, the service will also be expanded to tankers and other... more